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The Information

·4 years ago
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Disappearing Term Sheets and Down Rounds: Inside Venture Capital’s New Normal
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Disappearing Term Sheets and Down Rounds: Inside Venture Capital’s New Normal

On a Monday in February, founder Annafi Wahed downed two glasses of wine, called her best friend and had a good cry. A venture capitalist had just emailed to say he was walking back a verbal agreement

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